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World Airways Announces Senior Management Changes

World Airways,
Inc. today announced several senior management changes following the April
1, 2004, promotion of Randy Martinez to president and chief executive
officer and Jeff MacKinney to chief operating officer. Charlie Addison has been named senior vice president, operational support
services. In this role, Addison will lead crew resources, IT and
facilities, aircraft acquisitions and fleet management, operations
analysis, contract services and publications. Addison, who joined the
Company in 1988, has held a variety of management positions at World
Airways, most recently serving as executive vice president of operations.

Charlie McDonald will join World Airways on May 3, 2004, as senior vice
president of operations. He will focus on day-to-day operations,
overseeing flight operations, technical operations, customer services and
in-flight services. Most recently, McDonald has been senior vice president
and chief operating officer of TransMeridian Airlines, and prior to that
held management positions with American Eagle and British Aerospace.

Rob Binns has been named senior vice president, marketing and planning. He
will oversee the planning functions previously held by MacKinney, along
with added responsibility for sales and marketing. Binns will join World
on April 26, 2004, having served most recently as president and chief
executive officer of TransMeridian Airlines and previously as its chief
financial officer. Earlier, he spent six years with TWA and two years with
Pegasus Aviation.

According to Martinez, “Based on a thorough organizational assessment and
review of our growth plans, we decided to divide operations into two
segments, one focusing on support services and the other on day-to-day
operations. We believe this will strengthen our infrastructure and support
our growth plans for the coming years. In addition, we believed we needed
a senior level executive to focus on our planning, sales and marketing
efforts, particularly in light of commercial passenger and cargo
opportunities we’re pursuing to further diversify our revenue mix.”

He added, “The addition of Charlie McDonald and Rob Binns complements a
very strong management team at World Airways.”


Utilizing a well-maintained fleet of international range, wide-body
aircraft, World Airways has an enviable record of safety, reliability and
customer service spanning more than 56 years. The Company is a U.S.
certificated air carrier providing customized transportation services for
major international passenger and cargo carriers, the United States
military and international leisure tour operators. Recognized for its
modern aircraft, flexibility and ability to provide superior service,
World Airways meets the needs of businesses and governments around the
globe. For more information, visit the Company’s website at